Grid storage and supply deficits drive lithium
The speakers argued that the lithium market is transitioning from being solely EV-driven to being heavily supported by battery energy storage systems (BESS) amid a severe North American supply deficit.
The argument
Global lithium demand is projected to double by 2030, yet North America produces less than 1% of global supply despite representing 30% of global GDP. The guests argued this structural mismatch will support higher long-term lithium prices.
The thesis, stress-tested
✓ What validates it
- ✓Lithium carbonate prices maintaining their year-over-year upward trajectory
- ✓BESS deployment data exceeding forecasts in 2026-2027
▸ Risks discussed
- ▸Slower than expected adoption of utility-scale grid storage
- ▸Alternative battery chemistries reducing lithium demand
Hear it yourself
"So, that's a big thing. All the properties and companies I looked at and sold had that characteristic. And then, you know, it was the intangibles. What do you do? What does one do do to unlock that value? Sometimes it's, for instance, potash one. Probably about what you know, other than the commodity price, was the fact that I managed early on to own control of half of the water resource in a lake beside the deposit. Without that water, there would be no potash one because there'd be no water to help that production."
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